26/09/2026
Prime Minister Andy Burnham is set to revive a Help to Buy-style scheme aimed at helping first-time buyers get onto the property ladder.
The new “Your First Home” scheme is expected to support buyers in England with deposits as low as 2.5%, alongside a 20% Government-backed equity loan for eligible new-build properties.
The scheme is expected to include household income and local property price limits, with further details due to be announced by Chancellor John Healey at the October Budget.
Supporters say the policy could make home ownership more accessible, while critics argue similar schemes have contributed to higher house prices.
Would a 2.5% deposit make it easier for young Britons to buy their first home? 🏠🇬🇧